What Are You Missing? Nov 25 – Dec 8

1. The MPAA is touting findings that the shutdown of Megaupload was a huge blow to piracy while battling against research claims that box office revenues have been negatively impacted by Megaupload’s disappearance. Such anti-piracy rhetoric will step up a notch in January, thanks to a new initiative with internet service providers, and MPAA head Chris Dodd is turning to Silicon Valley for more help along those lines.

3. Tax credits are again in the news, with New York job numbers showing a boost from production tax breaks and one small Georgia town experiencing revitalization thanks to production credits. However, one Michigan city is now on the ropes due to banking on tax incentives that the state subsequently eliminated. Back in Hollywood, LA production might be slowly on the rise.

4. Disney preceded its big Netflix deal with the announcement that it is shuttering its online movie service, offering a blow to transactional VOD prospects. It does seem like subscription streaming is coming to dominate, and along those lines, details are emerging about Verizon and Redbox’s upcoming Instant service, though we won’t see it until next year. Meanwhile, good old Blockbuster will now start selling mobile phones, because it has just about nothing else going on.

5. Internet ad spending will soon surpass ad spending in all newspapers and magazines, and a striking chart shows that the decline of newspaper ad revenue has outpaced the growth of Google’s ad revenues. That would be why the New York Times is trimming staff, as not even a paywall is making up the difference. A UK study says journalists are keeping their chins up, though.

6. With the death of The Daily, it’s clear that magazine apps are struggling. Will Richmond sees video as key for the future of magazines, while Jeff John Roberts thinks BuzzFeed might point the way toward a viable business model, with BuzzFeed’s CEO touting the value of social advertising over banner ads and hoping that branded content experiments will work.

9. Nielsen has released a big state of social media report, which offers more data showing that people love to hang out on Facebook, while Pinterest has quickly become one to keep an eye on. And while it’s fashionable to make fun of Google+, it’s actually growing just fine. What’s sad is how Google derailed Reader while building Google+.